"We forced the city establishment to lift the wages of 100,000 low wage workers in Seattle – to transfer $3 billion from business to workers at the bottom of the wage scale over the next 10 years. We did this. Workers did this."
Power to the people comrades! And how's it working out Seattle? Not so well it would seem, as some predicted.
Michael Hausam describes recent events in the Emerald City:
"The first face-plant scene in the compilation occurred in February, when a recreational gear manufacturer announced it was moving some operations to Nevada. The owners specifically stated that the new wage law was the sole reason for the change."
Just last week a number of Seattle restaurants closed again citing the minimum wage law. A representative of the Washington Restaurant Association said:
"Every [restaurant] operator I’m talking to is in panic mode, trying to figure out what the new world will look like."
As Slate magazine (not exactly a conservative journal) said in commenting on the fiasco:
"The city is now on a course for history—and quite possibly a nasty collision with unintended consequences."
Let the good times roulet, Seattle! Let 'em roll.
finance.townhall.com/columnists/michaelhausam/2015/03/14/seattles-minimum-wage-law-a-slowmotion-accident-right-before-our-eyes-n1970499
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